Olivia recently left her job at a large corporation because she saw little chance for advancement. Although she is still searching for a new position, she believes the economy is healthy and she hears that several firms are hiring people with her qualifications. Which of the following statements about Olivia's current situation is most accurate?
A) Olivia is not considered unemployed because she voluntarily quit her job.
B) Olivia is an example of cyclical unemployment.
C) Olivia is an example of frictional unemployment.
D) Olivia is likely to find employment quickly if she seeks training in a different field.

Question

Quizplus · Accepted Answer

Frictional unemployment refers to jobseekers entering the labor market for the first time (or after a long absence) or are temporarily between jobs. Workers who are frictionally unemployed typically have skills that are in demand, but are in the process of job search and have not yet accepted employment. This appears to be the case for Olivia.

Olivia Recently Left Her Job at a Large Corporation Because